Dick’s Sporting Goods Inc (DKS) Position Increased by Prudential Financial Inc.

Prudential Financial Inc. increased its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 316.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,158,619 shares of the sporting goods retailer’s stock after purchasing an additional 880,464 shares during the quarter. Prudential Financial Inc. owned approximately 1.06% of Dick’s Sporting Goods worth $31,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB grew its stake in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after purchasing an additional 26 shares during the last quarter. US Bancorp DE boosted its position in Dick’s Sporting Goods by 0.8% during the 2nd quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after acquiring an additional 174 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Dick’s Sporting Goods by 1.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after acquiring an additional 241 shares in the last quarter. Investment Counselors of Maryland LLC boosted its position in Dick’s Sporting Goods by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock valued at $1,009,000 after acquiring an additional 275 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock worth $457,000 after purchasing an additional 300 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.09% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on DKS shares. raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. reissued a “buy” rating and issued a $52.00 price target on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. cut Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. cut Dick’s Sporting Goods from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 25th. Finally, cut Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.92.

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Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at $25.59 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2,878.49, a PE ratio of 7.98, a PEG ratio of 1.16 and a beta of 0.48. Dick’s Sporting Goods Inc has a 1 year low of $23.88 and a 1 year high of $62.80.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. sell-side analysts anticipate that Dick’s Sporting Goods Inc will post 2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. Dick’s Sporting Goods’s dividend payout ratio is 24.29%.

Dick’s Sporting Goods Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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